Qatar is one of the few countries in the Gulf where power generation has grown considerably in the last decade, with installed power capacity getting doubled in just two years, from 2009 to 2011, a report has said.
“Because of high GDP growth rates and population explosion, power consumption in Qatar has increased by a compound annual growth rate of 9.3 percent between 2001 and 2011, and Qatar’s per capita power consumption to remain as one of the highest in the GCC,” a report by Kuwait Financial Centre (Markaz) said on Monday.
The report stated that due to rapid expansion in generation capacity, Qatar currently enjoys very high reserve margin of almost 40 percent, adding that the Qatar General Electricity & Water Corporation (Kahramaa) has announced no further capacity building plans till 2014 but focus will be in the transmission and distribution sector. According to the report over a dozen of projects are under execution in transmission and distribution sector, with a gross investment of $ 4billion.
“Qatar, being one of the largest per capita greenhouse emitter in the world, is committed to reducing the levels. Qatar National Vision 2030 has stated its ambition to use nonhydrocarbon mechanisms for power generation recently,” the report said.
Qatar recently announced plans to utilise solar power for cooling the 2022 FIFA World Cup stadia. The report noted that the solar power complex project, announced by Kahramaa, which was estimated to have a capacity of 3,500 mega watts capacity, is put on hold. Kahramaa might resume work on this project, after 2015, as part of capacity building plan.
The report explained that because of high reserve margins, Qatar could look forward to electricity exports through the Gulf Cooperation Council Interconnection Authority (GCCIA) power grid, adding, Bahrain and Kuwait have reportedly shown interest in purchasing electricity from Qatar.
© Copyright Qatar Tribune. All Rights Reserved.